TALLY MULTIPLE CHOICE QUESTIONS

TALLY 9.0
1. Tally package is developed by  a. Peutronics  b.  c. Coral Softwares  d. Tally Solutions Vedika Softwares

1.

We can change the Company Information from  a. Company Info > Back up  c. Company Info > Split Company Data Company Restore option is available in  a. Company Features  c. Configuration 4.

 b.  d.

Company Info > Alter None of these

2.

 b.  d.

Company Information None of these

In general the Financial year from shall be from  a. 1st April of any year  b. 31st March of any year  c. All of them are true  d. None of these We can Modify an existing Company from  a. Company Info > Alter  b. Company Info > Alter Company  c. Gateway of Tally > Modify Company  d. None of these To change Current Date from Gateway of Tally press the key  a. F1  b. F5  c. F2 Party account can be created through  a. Group creation window  c. Inventory creation window  b.  d.  d.

5.

6.

F9

7.

Ledger creation window Any one of them  d. Alt + F2

8.

A ledger may get declaration space for its Alias through  a. F12  b. F11  c. Alt + F1  b.  d.

 a.  c. 10.

9. F12 is known as Company Features Accounting Features

Company Configuration None of these

What is the utility of Tally Vault Password?  a. It will lock the period of Company b It will lock all voucher entries for that Company  c. It will not show the Company Name in the Company Select List.  d. None of these 11.  c. We can show Bill wise details of Debtors and Creditors by activating  a. Bill by bill  b. Maintain Bill wise Details Maintain References  d. None of these

12.

The shortcut key to quit from Tally is  a. Ctrl + L  b. Ctrl + P

 c.

Ctrl + M

 d.

Ctrl+Q

13.

A Ledger can't be deleted if it is caring Opening Balance  a. True  b. False How many inbuilt Accounts group are in tally by default?  a. 29  b. 31  c. 25  c.  d.  d.

14.

34

15.

The shortcut used to activate calculator is  a. Ctrl + N  b. Ctrl + M

Ctrl + A

Ctrl + B

16.

Suspense Account Group is defined under  a. Income  b. Expenditure  c.

Liabilities

 d.

Assets

17.

To activate MRP feature from Gateway of Tally initially we need to press  a. F11  b. F12  c. F10  d. Alt + F1 MRP formula for inclusive of vat is  a. {vat%*(MRP * QTY)}/100  c. Both a & b  b.  d.

18. of vat)

(100*rate of vat)/(100+rate None of these

19.

Manufacturing Journal creates based on  a. Journal  b. Receipt Note  c. Stock Journal  d. Purchase Quotation To create Manufacturing Journal which option must be activated  a. Use Common Narration  b. Narrations for each entry  c. Prefill with Zero  d. Use as manufacturing

20.

Journal 21. How many types of Measurement Units we can create in Tally?  a. 2  b. 3  c. 5  d.

Unlimited

22.

To activate Job Costing which options require to be activated?  a. Maintain Cost Centre  b. Use Cost Centre for Job Costing  c. Both a & b  d. None of these 23. Multiple Godowns are activated from  a. F11  b. F11 > F1 There are _________ predefined ledgers  a. One  b. Three  c.  c.  d.

F11 > F2

F11 > F3

24.

Two

 d.

Four

25.

We can see list of Memorandum Vouchers from

 a. Books  d. 26.

Cash/Bank Books Trail Balance

 b.

Exception Reports

 c.

Accounts

To print a voucher from Tally we need to press  a. Ctrl + P  b. Shift + P  c. Alt + P

 d.

Ctrl + Alt + P

27.

We can see Working Capital figure changing  a. Voucher configuration  b. Profit & Loss configuration  c. Balance Sheet configuration  d. Ledger configuration Input Vat Ledger is created under which account?  a. Duties & Taxes  b. Sales  c. Sales Return  d. We can create multiple users in Tally activating  a. Tally Audit  b. Use Security Control  c. Both (a) and (b)  d. None of these “Allow components list details (Bill of Materials)” option is activated for  a. Ledgers  b. Cost Category  c. Stock Items  d.

28.

None of these

29.

30.

Budgets

31.

Retained Earnings is an alias of  a. Indirect Income  b.  c. Capital Account  d. 32.

Reserve and Surplus Investments  d.

We can repeat narration by pressing  a. Shift + R  b. Alt + R  c.

Ctrl +

Alt + Shift + R  c.

33.

What is MRP?  a. Market Price  b. Maximum Retail Price  d. Minimum Retail Price We can use Stock Journal for  a. Production and Consumption  c. Both (a) and (b)  b.  d.

Marginal Price

34. stock

Inter Godown transfer for None of these

30.

Discount Column is available in  a. Sales Invoice  c. Both (a) and (b) 36. Books  d. 37.

 b. Purchase Invoice  d. None of these  c.

We can get the report of Interest from  a. Account Books  b. Cash and Fund flow Statements of Accounts

Inventory

We can cancel a voucher using  a. Alt + X  b. Ctrl + X  c. Shift + X To see reports of Job Work Analysis

 d.

Ctrl + Shift + X

38.

 b.

 a. Display-Statement of a/cs Display-Statement of a/cs-Job Work Analysis  c. Display-Statement of a/cs-Cost Center-Job work  d. None of these For reconciliation of Bank press  a. F12  b. F10 We can't select cash in Journal Voucher  a. True  b. False To create Scenario which option require to be activated?  a. Use Rev Journal & Optional voucher in F12  b.Use Optional voucher in F11  c. Use Reversing voucher in F11  d. Use Rev journal & Optional voucher in F11 Optional Voucher is one type of  a. Conventional Voucher  c. Both (a) & (b)  b.  d.  c.  d.

39.

F5

F6

40.

41.

42.

Unconventional Voucher None of these

43.

TDS deduction entry can be made through  a. Payment Voucher  b. Journal Voucher  c. Receipt Voucher  d. All of these To create Purchase Order press  a. Alt + F4  b. Ctrl + F4  c.  d.

44.

F4

None of these

45.

List of Optional Voucher we can get from  a. Cash Bank Books  b.  c. Accounts Books  d.

Exceptional Reports Balance Sheet

46.

Input Vat Credit on Capital goods should be defined under  a. Capital Account  b. Current Liabilities  c. Duties & Taxes  d. Misc. Expenses (Assets) Single Entry mode is applicable for  a. Receipt Voucher  c. Payment Voucher  b. Contra Voucher  d. All of these

47.

48.

Online voucher creation from Day Book report by pressing  a. Ctrl + A  b. Shift + A  c. Alt + A  d. Reversing journal is a  a. Conventional Voucher  c. Both (a) and (b)  b.  d.

None of these

49.

Unconventional Voucher None of these

50.

To hide the name of the Company you need to define  a. Security Control  b. Tally Audit

 c. 51.

Create at least one User

 d.

Tally Vault Password  d.

To declare a voucher as Post Dated press  a. Ctrl + T  b. Alt + T  c.

Ctrl + P

Ctrl + D

52.

We can switch from Accounting Voucher to Inventory Voucher pressing  a. F2  b. Alt +F1  c. Ctrl + F1  d. Goods returning to a Creditor after challan but before bill we need to pass  a. Debit Note  b. Receipt Note  c. Rejection Out  D. Rejection In Branch / Division is a group defined under  a. Liabilities  b. Assets  c. Income  d.

F11

53.

54.

Expenditure

55.

To use Dr/Cr instead of To/By during Voucher entry or vice versa, Press  a. F10  b. F12  c. F11  d. None of these  d.

56. For Export of Data from Company to Company Tally uses  a. SDF Format  b. ASCII Format  c. XML Format 57. Voucher class is a pre defined voucher type that helps to  a. Automatic Entry  b. Automatic Calculation  c. Minimize Errors  d. All of these

All of these

58.

To alter a master while making an entry or viewing a report  a. Alt + Enter  b. Shift + Enter  c. Ctrl + Enter  d.

Tab + Enter

59. Computation

To view the TDS report go to  a. Display > Statements of Accounts > TDS Outstanding > TDS  b.  c.  d,. Accounts Book > TDS Outstanding > TDS Computation Display > TDS Outstanding > TDS Computation None of these

60.

To show the cheque number while reconciling Bank Accounts press  a. F11  b. F 12  c. CTRL + F11  d. CTRL + F12 Data Folder of a Company consists of  a. 3 digits  b. 4 digits  c.  d.

61.

6 digits

5 digits

62.

Total number of Ledgers, Groups, Entries etc. can be shown from  a. Tally Audit  b. Statistics  c. Accounts Information  d. Company Information Voucher Class for Interest calculation created based on  a. Journal Voucher  b. Debit and Credit Note  c. Receipt and Payment Voucher  d. Both (a) and (b)

63.

64. Source

ETCS means  a. Enable Tax Collected at Source  b.  c. Electric Tax Collected at Source d.  b.  d.

Electronic Tax Collected at None of these

65.

What is TAN?  a. Tax Account Number  c. Tax Assignment Number

Tax Assessment Number None of these

66.

To get Payroll Reports choose  a. Gateway of Tally > Display  b. Gateway of Tally > Display > Statement of Accounts  c. Gateway of Tally > Display > Statement of Payroll  d. Gateway of Tally > Display > Payroll Reports  c.  d.

67. Payroll Auto fill is done through  a. Ctrl + A  b. Alt + A 68.

Ctrl + B

Alt + B

To see Gratuity Reports go to  a. Gateway of Tally > Display > Payroll Report > Gratuity  b. Gateway of Tally > Display > Gratuity Report  c. Gateway of Tally > Display > Statement of Accounts > Gratuity Reports  d. None of these At the time of Branch Transfer, Sales ledger is created under which Vat/Tax  a. Export Sales with Vat rate  b.  d. Consignment/Branch Transfer None of these

69. Class? Outward

 c. 70.

Memorandum Voucher does not affect Books of Accounts.  a. True  b. False To remove a line at all reports screen, shortcut is  a. Alt + R  b. Alt + S  c.  d.

71.

Alt + 1

Alt + T

72.

There is no difference between Shut Company & Delete Company.  a. True  b. False How can we see Vat Reports?  a. Gateway of Tally > Display  b. Gateway of Tally > Vat Reports  c. Gateway of Tally > Display > Statutory Info  d. Gateway of Tally > Display> Statutory Reports BOM represents  a. Billing of Machines Bill of Maintenance What is the full form of TCS?  b. Bill of Materials None of these

73.

74.  c. 75.

 d.

 a.  c. 76.

Tax Collected by Staff Tax Collected at Source

 b.  d.  c.

Tax Consumption at Source Tax Collected from Sales  d.

The shortcut used for Sales Order is  a. Alt+F4  b. Alt+F5

Alt+F7  c.

Alt+F8

77.

Bank OCC a/c is a group defined under  a. Bank Account  b. Secured Loan  d. Loan & Liability

Unsecured Loan

78.

Sales Tax Ledger falls under which Group?  a. Indirect Expenses  b. Duties and Taxes "Alias" represents  a. Short name 80.  b.  c.

 c.Sales

 d.  d.

Purchases

79. these

Nick name

Code name  c. F2

All of  d. F1

To change the date, shortcut used  a. Alt+F2  b. Alt+F3

81.

If we purchase any Fixed asset in credit, we can pass it from  a. Payment mode  b. Receipt mode  c. Journal mode  d. Contra mode 82.  c. 83. To save entry without any amount, we have to use  a. Cost Center  b. Maintain Multiple godown Allow O value entry  d. Use Rej. Notes

To see the report of Unconventional vouchers go to  a. Display-Day Book  b. Display-Account Books  c. Display-Exception Reports  d. Display-Trial Balance The shortcut used for Optional vouchers is  a. Ctrl + N  b. Ctrl + M  c. Ctrl + A  d.

84.

Ctrl + L

85.  a.  c. 86.

Transfer of materials from one godown to another godown, use Manufacturing Journal  b. Stock Journal Purchase Journal  c. Both A & B BOM represents Bill of Materials.  a. True  d.

False

87.

Recording of actual stock as physically verified or counted is done through  a. Journal  b. Stock Journal  c. Physical Stock  d. Sales 88. Predefined Billing terms can be maintained through  a. Cost Center  b. Voucher Class  c. Maintan Multiple Godowns  d. Stock Categories How many formats are available while Exporting?

89.

 a. 90.

5

 b.

4

 c.

3

 d.

2

While exporting Ledgers from Tally to Web Page, we use  a. XML Format  b. ASCII Format  c. SDF Format  d. HTML Format  c.  d.

91. Budget represents ……………………  a. Estimation  b. Forecasting 92.

Assumption  c.

All of these

To see any report in detailed way, press  a. Alt+F2  b. F2

Alt + C

 d.  d.

Alt+F1

93.

In Service tax Credit Adjustment (%) should be either  a. 20%  b. 100%  c. Both a & b

30%

94.  c. 95.

Service Tax Report can be seen from  a. Display > Day Book  b. Display > Account Books Display > Statutory Masters  d. Display > Statutory Reports Can we allow Expenses/Fixed Assets in Purchase vouchers?  a. Yes  b. No Transfer from Main Cash to Petty Cash you require to pass ………………  a. Payment  b. Contra  c. Receipt  d. None of these

96. voucher.

97.

If the Financial Year from is 1st April 2005 and the Books Beginning from is 1st January 2006 then what will be the Closing Date?  a. 31st Dec 2006  b. 31st March 2006  c. 31st December 2005  d. None of these 98. Income Tax number of the Company will appear in which report?  a. Cash/Bank Book  b. Profit and Loss A/c  c. Reminder Letter  d. None of these Patent account falls under  a. Investments  c. Current Assets  b.  d.

99.

Liabilities None of these

100.

Find out which is not a Default Ledger in Tally.  a. Cash in Hand  b. Capital Account  c. Profit & Loss  d. None of these

ANSWERS

1. a 6. c 11. a 16. d 21. b 26. c 31. c 36. b 41. b 46. d 51. b 56. b 61. b 66. a

b c b

2. 7. 12.

b b d

3. 8. 13.

b a b

4. 9. 14.

a b d

5. 10. 15.

c a c b d d c a

17. 22. 27. 32. 37. 42. 47. 52.

b c c c a b d b

18. 23. 28. 33. 38. 43. 48. 53.

c c a b b b c c

19. 24. 29. 34. 39. 44. 49. 54.

c c b c c a b a

20. 25. 30. 35. 40. 45. 50. 55.

c d d

57. 62. 67.

d b b

58. 63. 68.

c b a

59. 64. 69.

a b b

60. 65. 70.

71. c 76. c 81. b 86. d 91. a 96. . b

a b c a d b

72. 77. 82. 87. 92. 97.

b d c c d b

73. 78. 83. 88. 93. 98.

d b c b c d

74. 79. 84. 89. 94. 99.

b d d c d d

75. 80. 85. 90. 95. 100